Investor Presentation

AWL/SEC/SE/2026-27/50 22nd October, 2026 BSE LTD. NATIONAL STOCK EXCHANGE OF INDIA LTD. Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G, 1st Floor, Dalal Street, Bandra-Kurla Complex Fort, Mumbai – 400 023 Bandra (East), Mumbai - 400 051. Company Scrip Code: 517041 Company Symbol: ADOR Dear Sir/Madam, Sub: Investor Presentation We are enclosing herewith a copy of Investor presentation on the Unaudited Financial Results (Standalone & Consolidated) for the second quarter and half year ended 30th September, 2026. The aforesaid presentation will also be uploaded onto the website of the Company at www.adorwelding.com We hereby request you to make a note of it and acknowledge its receipt. Thanking you, Yours Sincerely, For ADOR WELDING LIMITED VINAYAK M. BHIDE COMPANY SECRETARY Encl.: As Above ADOR WELDING LIMITED Regd. & Corporate Office: Ador House, 6, K. Dubash Marg, Fort, Mumbai - 400 001 – 16, Maharashtra, India. +91 22 6623 9300 I www.adorwelding.com 1800 233 1071 I care@adorians.com I +91 20 40706000 | CIN: L70100MH1951PLC008647 Creating the Best Welding Experience Investor Presentation ADOR WELDING LIMITED October 2026 Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Ador Welding Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment what so ever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company. This Presentation has been prepared by the Company based on information and data which the Company considers reliable. However, the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on the completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation, changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party statements and projections. Creating the Best Welding Experience Q2 & H1 FY27 Financial Highlights Management’s Message “Ador has sustained its momentum in Q2 FY27, with revenue growing 23% YoY to Rs. 345 Cr. This takes H1 FY27 revenue to Rs. 654 Cr, also Exports in up 23% YoY. Demand stayed healthy across our core user industries: infrastructure, power, oil & gas, railways, shipbuilding, defence and Europe heavy fabrication. Strong capital goods activity in India during the quarter supported this. Gross margins were 34.2% in Q2 FY27, reflecting higher steel and other raw material prices in an inflationary input environment. EBITDA Technolo grew 9% YoY to Rs. 38 Cr in Q2 FY27, and H1 FY27 EBITDA margin held steady at around 11%. We continue to take calibrated pricing actions gy led and to monitor raw material and geopolitical developments closely. higher Three key drivers continue to underpin our growth: value • Exports: The Middle East, served through our Dubai hub, remains our primary export market, and we continue to monitor developments offerings in the region closely. We are expanding our international distributor network and exploring new opportunities in European markets.. • Product Mix: We are scaling up technology-led, higher-value offerings, particularly in welding equipment, including advanced digital High tech and automation-ready machines. In consumables, we continue to grow our range of specialised, high-performance products for value demanding applications. equipme • Customer Engagement: We are deepening direct relationships with key customers to drive new business, while maintaining our nts existing distributor partnerships. Technical support, training and application support help us here. Add P&L, Automation remains a strategic priority as rising labour costs increase demand for productivity and efficiency. Ador is strengthening its robotics, cobot and Industry 4.0 capabilities, including Ador WelDoS, our digital welding management solution. We continue to evaluate Cashflow acquisition opportunities to accelerate growth in this segment. , Balance As Ador celebrates 75 years of creating the best welding experience, the Board has declared an interim dividend of Rs. 7.50 per equity sheet in share to reward our shareholders for their continued trust. We remain confident of carrying this momentum through the rest of FY27.” the end Creating the Best Welding Experience Q2 FY27 Key Performance Highlights Revenue from Operations Gross Profit Gross Profit Margin EBITDA (excl. other income) 345 118 34.2% 38 Rs. Crs. Rs. Crs. Rs. Crs. +22.6% YoY +8.7% YoY -440 bps +8.6% YoY EBITDA Margin (excl. other Profit After Tax PAT Margin Earnings Per Share income) 10.9% 27 7.8% 15.5 Rs. Crs. Rs. +7.7% YoY -110 bps +7.7% YoY -140 bps Creating the Best Welding Experience All figures are presented on a consolidated basis H1 FY27 Key Performance Highlights Revenue from Operations Gross Profit Gross Profit Margin EBITDA (excl. other income) 654 231 35.3% 73 Rs. Crs. Rs. Crs. Rs. Crs. +22.8% YoY +11.8% YoY -350 bps +26.0% YoY EBITDA Margin (excl. other Profit After Tax PAT Margin Earnings Per Share income) 11.2% 55 8.3% 31.3 Rs. Crs. Rs. +30 bps +159.0% YoY +440 bps +159.0% YoY Creating the Best Welding Experience All figures are presented on a consolidated basis Ador at Glance 30,000 850+ 5 90,000 MT Welding Power Sources Capacity / Employees Manufacturing Units Consumables Capacity / Per Year Per Year R&D Centre (Recognised by Govt. of India) 15+ 31,235 • Accredited Laboratory as per ISO17025 Countries Pincodes Served in India Team of 38 researchers with 1,000+ Case studies • NPCIL (Nuclear Power Corporation of India Limited) Approvals Vision Mission Values Creating the best welding experience To be India's No. 1 welding company Customer experience, trust, performance Creating the Best Welding Experience 75 Years of Creating the Best Welding Experience 1951 1982 1967 JV with Oerlikon Buhrle Advani Oerlikon Govt. 1955 AG, Switzerland — Exports commence to Higher Secondary India's 1st welding Welding School set up Middle East, Africa & School set up, Birgaon, manufacturer at Bhandup Southeast Asia Raipur 1952 1962-63 1974 1986 1st electrode plant Electrode plant (Raipur) Ador Fontech Limited Listed on the Bombay established in Bhandup, & equipment plant established Stock [Showing first 8,000 characters — download PDF for full document]